Quantcast


Last updated: February 20. 2013 3:17AM - 98 Views

Story Tools:

Font Size:

Social Media:
fcd85c934a3b45dcaad39de43c986faf.jpg



(AP) Spain's recession deepened in the fourth quarter of 2012, when the economy shrank by 0.6 percent compared with the previous three-month period.


In preliminary estimates to be confirmed next week, the Bank of Spain says it was the sixth quarter in a row that the economy contracted. It shrank by 0.4 percent in the third quarter.


The central bank's report on Wednesday says economic activity was down 1.7 percent in the fourth quarter from the year-earlier period. It estimates it shrank 1.3 percent for the whole of 2012.


The National Statistics Institute is to announce the official economic growth figures on Jan. 30.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com